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Kroll Bond Rating Agency (KBRA) is pleased to announce the assignment of preliminary ratings to 16 classes of BBCMS 2021-C9, a $793.8 million CMBS conduit transaction collateralized by 57 commercial mortgage loans secured by 87 properties.
The collateral properties are located throughout 46 MSAs, the largest three of which are Las Vegas (11.4%), Philadelphia (9.6%), and Orange County (9.1%). The pool has exposure to all of the major property types, with three types representing more than 15.0% of the pool balance: office (27.3%), multifamily (18.7%), and mixed-use (13.4%). The loans have principal balances ranging from $1.8 million to $75.0 million for the largest loan in the pool, The Atlantic (9.4%), which is secured by a 268-unit, Class-A, high-rise multifamily building located in Philadelphia, Pennsylvania, within the city’s CBD. The five largest loans, which also include Saddleback Business Park (
Q&A With David Altmaier, President, National Association of Insurance Commissioners
Florida’s insurance regulator has a busy year ahead, and it won’t just include overseeing his own state’s insurance market, one of the most dynamic and complicated insurance markets in the world. Rather, for the next year, Insurance Commissioner David Altmaier has another job as president of the National Association of Insurance Commissioners, the members of which include all state insurance commissioners.
But it’s a job he says he is ready for after serving as president-elect behind former NAIC President and South Carolina Insurance Director Ray Farmer, with whom he has a shared understanding based on leading insurance markets in catastrophe-prone states.
Aegon N.V.: Aegon reports second half-year 2020 results
Improved operating performance; dividend well covered by Free Cash Flows
Net loss of EUR 147 million in the second half of 2020, mainly as a result of an increase of the value of liabilities in the Netherlands due to tightening credit spreads, reversing the movement seen in the first half of the year
Underlying earnings before tax increase by 7% to EUR 1,029 million driven by the benefit from higher equity markets in the United States and Asset Management, and expense savings. COVID-19 had a manageable impact, as it led to both adverse mortality and favorable morbidity in the US, which broadly offset each other
American Council of Life Insurers: Ohio Strengthens Protections for Annuity Consumers
Targeted News Service
Susan Neely and National Association of Insurance and Financial Advisors (NAIFA) Ohio President
Duane Borcherding made the following joint statement on a best interest annuity rule recently adopted by the
Ohio Department of Insurance: When retirement savers in
Ohio work with a financial professional, they should have confidence that person is acting in their best interest. This rule achieves this important goal by enhancing consumer protections while safeguarding access to information for lower- and middle-income savers. In 2019,
Congress recognized the significance of helping people create a personal pension using annuities by passing legislation making it easier to include them in workplace retirement plans. Access to information about annuities is vital for anyone looking for the peace of mind that comes from a retirement income they can t outlive.